Staggered Board of Directors - Often used in risk arbitrage. Board of Directors of a company in which a portion of the directors are elected periodically, instead of all at once. A board is often staggered in order to thwart unfriendly takeover attempts, since potential acquirers would have to wait a longer time before they could take control of a company"s board through the normal voting procedure.
Staggered Board of Directors : often used in risk arbitrage. board of directors of a company in which a portion of the directors are elected periodically, instead of all at once. a board is often staggered in order to thwart unfriendly takeover attempts, since potential acquirers would have to wait a longer time before they could take control of a company"s board through the normal voting procedure.
Staggered Board of Directors